I think any right-winger in this forum could have told you that. Biden has already announced plenty have agenda items that are economy killers. Anyone with a 401K would be crazy to vote for this moron.
Fox Business Network host Stu Varney appeared on "Fox & Friends" Monday, saying that if presumptive Democratic presidential nominee Joe Biden wins the 2020 presidential election the stock market will “go straight down.” “A major loss in the stock market if Joe Biden wins,” Varney said. “If he looks like he’s going to win before November 3, people will start unloading their stock holdings.”
I was wondering when Trump supporters would get around to throwing the longest Hail Mary's. But, may as well, nothing else is sticking at the moment. I'm sorry to disappoint you Virginia, but the stock market will not tank if Biden's elected. I have a 401K and am well diversified. My investments have weathered Republican and Democrat presidents. Economic booms and recessions. I'm not worried. Stu has just about as good a track record at predicting things as his buddy Larry Kudlow (memba when Larry said the US wouldn't go into a recession in 2008?).
What goes down, will come back up. That's why you invest for the long haul. And I wouldn't worry too much Biden's policies. The policies of the current administration especially their inept and incompetent response to the virus outbreak is the main thing that could kill the stock market (it's already killing the economy). If the shit show drags on into the fall and Biden wins, he's going to be saddled with trying to get the US out of a bigger hole than Barack Obama had to after GW's administration.
But, that's been the MO of Republicans and conservatives over the last four decades. They **** the economy up and a Democrat has to come in and fix it.
